This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The study considers five different powertrains (internal combustion engine, hybrid-electric, plug-in hybrid-electric, fuel-cell-electric, and battery-electric) and 12 cost components (purchase cost, depreciation, financing, fuel, insurance, maintenance, repair, taxes, registration fees, tolls and parking, payload capacity and labor).
Ford unveiled the all-electric 2022 F-150 Lightning Pro, a version of the electric F-150 Lightning ( earlier post ) targeted at commercial customers. The Pro joins E-Transit in the lineup of Ford work-ready electric vehicles, backed by a nationwide network offering EV-certified fleet sales, service and financing.
Hyundai Motor Company is spearheading the development of a hydrogen fuel cell commercial vehicle ecosystem in China with regional partners. Hyundai believes China has a massive potential for hydrogen powered commercial vehicles. —In Cheol Lee, Executive Vice President and Head of Commercial Vehicle Division at Hyundai Motor.
With more than 800 vehicles on the road today, Proterra battery systems have been proven over 25 million service miles driven and selected by world-class commercial vehicle manufacturers to electrify delivery vehicles, construction equipment, school buses, coach buses, and more. Proterra 40' ZX5 Max.
They are newer to the road, so it was hard to know, for instance, their historic needs for maintenance over their operational life. The study finds, for example, that battery electric vehicles have maintenance costs 40% lower than ICE vehicles. Levelized cost of driving (LCOD) across powertrains for light-duty SUV, MY 2025.
InCharge Energy tailors end-to-end EV charging infrastructure solutions, from initial consultancy and recommendations on required energy upgrades to the procurement, installation, operation, and maintenance of charging systems.
As part of the agreement the partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights. MONTE and ZeroAvia aim to retrofit the aircraft for clients starting in 2024 and will provide and financemaintenance and hydrogen availability services to support these operations.
Hyundai will support the construction cost of the hydrogen refueling station while providing up to 12 fuel cell electric buses as well as their maintenance and service. —Seong Kwon Han, President and Head of Commercial Vehicles Division at Hyundai Motor Company. In September 2019, Hyundai and Cummins Inc. Earlier post.).
HYVIA will offer a wide range of fuel cell-powered light commercial vehicles by the end of 2021: Master Van H2-TECH —a large van for transporting goods and packages, with 12 m 3 of cargo volume and a range of up to 500 km. A range of financing options and maintenance services will also be offered.
million this year to demonstrate and to deploy fuel-cell-electric baggage tow tractors (BTT) at major US commercial airports. The target market is commercial airports and air freight distribution centers used by passenger airlines and air freight industries. The US Department of Energy (DOE) will award up to $2.5
developer of a low-cost hybrid electric powertrain designed specifically for class 1-3 commercial fleet use ( earlier post ), has signed an agreement with Henley Transmission Services, LLC, the largest franchise holder of AAMCO automotive service centers, to certify AAMCO technicians to install and service XL Hybrids’ hybrid-electric conversions.
Existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ also participated in the financing. This new round accelerates the larger hydrogen-electric engine development for the 50+ seat aircraft and supports additional commercial airlines initiatives to adopt hydrogen in aviation.
ChargePoint Holdings, a leading electric vehicle (EV) charging network operating in North America and Europe, has acquired ViriCiti, a leading provider of electrification solutions for eBus and commercial fleets. IMPROVED Corporate Finance B.V. Jose Serras-Pereira, Director – Advisory, Mobility Group, Frost & Sullivan.
As part of the agreement Electreon will provide maintenance, support and operation services for the next 12 years. This is the second commercial deal signed by Electreon in Israel. As part of the agreement the parties will promote commercial public charging projects in Finland, with trucks and wireless distribution vehicles.
Municipal and commercial fleets are on the front lines of state-wide goals to decarbonize our transportation sector, and they deserve solutions that make the transition both simple and cost-effective. This service can also provide debt financing or secure grant funding to reduce capital expenditures and implement resiliency plans as needed.
With more than 600 vehicles on the road today, the company’s battery systems have been proven over 20 million service miles driven and selected by world-class commercial vehicle manufacturers to electrify delivery vehicles, construction equipment, school buses, coach buses, and more.
The introduction of Volta Trucks’ 100% battery electric commercial vehicles into North America will be led in 2023 by a Volta Zero Class 7 truck which is equivalent to the existing European 16-ton truck, with a dry or refrigerated cargo box. Volta Trucks has outlined its strategic roadmap for its entry into the North American market.
Electric bus manufacturer Proterra launched Proterra Powered vehicle electrification solutions, leveraging Proterra’s electric vehicle technology and expertise to help commercial vehicle manufacturers electrify their heavy-duty vehicles. The Proterra Powered group is led by Toby Kraus.
Lightning eMotors, a provider of specialty commercial electric vehicles for fleets, and ABB announced a partnership to offer DC fast electric vehicle chargers for commercial electric fleet vehicles. Lightning Energy supplies charging solutions to commercial and government fleets.
XL, a provider of connected vehicle electrification solutions for commercial, utility and municipal fleets, will unveil a plug-in hybrid electric version of the popular Ford F-250 pickup truck at the NTEA Work Truck show, 5-8 March in Indianapolis. Earlier post.).
Its products range from mini-cars to luxury sedans and from mini-commercial vehicles to light-duty trucks. Its Shanghai OnStar joint venture is the leading provider of safety, maintenance and telematics services in China, while its GMAC-SAIC joint venture is the automotive financing leader.
Volvo Trucks North America announced the commercial introduction and sales start of its zero tailpipe emission, battery-electric vehicle to the North American market. Volvo Financial Services (VFS) provides flexible financing solutions specific to the Volvo VNR Electric and required charging infrastructure.
As a result, we’ve sold more all-electric commercial EVs than any other vehicle manufacturer in North America to date. Lightning eMotors Credit and Ford Motor Credit financing is available along with electric vehicle vouchers and incentives, which are accessible in many states.
million private equity financing. Led by VantagePoint Capital Partners, a global investor in energy innovation and efficiency, the financing also included existing Ostara investor, London-based Frog Capital and a group of new investors including Waste Resources Fund L.P., Ostara Nutrient Recovery Technologies Inc.,
Earlier this month, SEKAB announced that it is ending its operation and collaboration agreement for maintenance and operation of the cellulosic ethanol pilot plant owned by EPAB (Ethanol Pilot of Sweden AB). The remaining time needs external operation and financing, according to the company. —Anders Fredriksson, CEO of SEKAB.
With the high costs and operational complexities surrounding electric vehicle (EV) deployments within commercial fleets, EV manufacturer BYD announced a preferred partnership with charging infrastructure provider AMPLY Power. The company assumes the full financial responsibility of utility account and provides the fleet with flat usage rates.
The deal structured by AMP Americas features beneficial contract terms for fleets operated by Western Dairy Transport and Reynolds Transport, establishing the two as “first-movers” by operating two of the largest 12-liter commercial CNG fleets in the US.
Beyond the zero-emission benefit, electric vehicles also offer improved performance, negligible maintenance costs and longer uptime and life, improving productivity and reliability while lowering costs. —Zubin Sarkar, Head of Strategy, Business Development and Marketing at Siemens Commercial Vehicles.
GATE will have an independent business structure with employees dedicated to meeting the needs of electric commercial vehicle customers, initially serving both the IVECO and Nikola brands. The expected operational launch date is mid-2023, when GATE, as a fully digitalized business, will begin offering its services to pilot clients in Italy.
In the past decade, Apex has commercialized $9 billion worth of wind and solar projects representing nearly 7 GW of clean energy opportunity. Enterprise is a leading full-service provider of fleet management capabilities, including vehicle acquisition, financing, maintenance and more.
Mercedes-Benz Vans will offer electric drive options on all its commercial van model lines. The commercial model ranges with electric drive will thus cover all requirements from people moving to goods transport. A commercial fleet must be able to meet transport needs economically and competitively, regardless of the type of powertrain.
Deployed since 2012, WAVE has demonstrated the capability to develop and integrate high-power charging systems into heavy-duty electric vehicles from leading commercial EV manufacturers. WAVE has become a market leader in inductive charging systems, which are much better suited for commercial EVs than plug-in charging systems.
Toyota is collaborating with Joby Aviation (Joby), an aerospace company that is developing and commercializing all-electric vertical take-off and landing (eVTOL) aircraft to enable the deployment of fast, quiet and affordable air transportation services. —Toyota Motor Corporation President and CEO Akio Toyoda.
AMPLY Power offers the only fully managed charging service to the public sector and commercial businesses looking for guaranteed performance and fixed fuel pricing for their electric vehicle fleets. Coupling this process with utility service upgrades as-needed enables the district to further scale its fleet electrification program.
Ideanomics’ Mobile Energy Group (MEG) is expanding its activities with heavy-duty electric trucks as part of an ongoing effort to identify commercial vehicle activities where significant pollution reduction can be achieved by eliminating fossil fuels.
AMPLY Power is working with Duke Energy Sustainable Solutions to expand fleet electrification offerings, including the first commercially available combination solar canopy and overhead electric vehicle charging solution covered by a power purchase agreement (PPA) leasing and financing model. —Vic Shao, CEO of AMPLY Power.
Proterra’s electric transit buses are equipped with the company’s Proterra Powered battery technology systems that have been chosen by world-class commercial vehicle manufacturers to electrify heavy-duty vehicles and equipment.
Upon completion of this first facility, US Fuel intends to replicate its proprietary process in multiple, larger scaled commercial facilities. USFF’s model attracted the attention of GPF Real Estate & Financing Corporation (Global REFCo), a subsidiary of Global Private Funding, Inc. Andrew Halarewicz, Sr.
Not only are tax credits important for geographic equity, but as EV drivers know, the reduced fuel and maintenance costs associated with driving electric can save households both time and money. Tax credits are essential to drive EV expansion into rural areas and states with lower adoption rates. manufacturing renaissance.
Although HPAL is able to leach nickel and cobalt quickly from laterite ores, it is challenged by corrosion and erosion and energy requirements, as well as operational and maintenance issues. HPAL has been used since 1961 when it was first put into commercial production at Moa Bay, Cuba.
A rugged, injection-molded thermoplastic polymer exterior provides an optimized structure into which the electrodes are inserted—the Z3 design requires just 20 of them—minimizing materials, manufacturing, and maintenance while eliminating the risk of any external leaking.
These funding sources support construction and maintenance of the highway system. Other state DOTs also are researching alternative financing methods to supplement or replace a gas tax. million project that will use commercial off-the-shelf technology to determine the feasibility of a mileage-based user fee.
In addition, the grants will support the deployment and creative financing approaches for ground source heat pump demonstration projects across the country. Geothermal Data Development, Collection and Maintenance (up to $24.6 Enhanced Geothermal Systems Components Research and Development/Analysis (up to $81.5
The selected startups are: Pitstop Predictive Maintenance. InnerSpace provides a turnkey indoor mapping and location platform to commercial real estate companies who use it to boost productivity or create new revenue by offering indoor location services to their tenants. Pitstop is your proactive virtual technician. InnerSpace.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content